Posted by Citadel9999 > 2021-06-08 10:18 | Report Abuse

hehe too optimistic about limit up

Posted by derrtan > 2021-06-08 10:30 | Report Abuse

Ambank TP revised to 0.98

Posted by Bullrunrun > 2021-06-08 10:35 | Report Abuse

Contra players a bit risky.
Wednesday due ..

Posted by SBHeng > 2021-06-08 10:56 | Report Abuse

Shark apa, just buy and hold let shark swimming alone.

Posted by SBHeng > 2021-06-08 10:56 | Report Abuse

Below 0.80 still very good price to enter, good luck

Posted by keown83 > 2021-06-08 10:58 | Report Abuse

wait until bilis flocked in back collect at support la then can exit on strength

Posted by caonima > 2021-06-08 11:03 | Report Abuse

good luck sell on news

Posted by Jasonn > 2021-06-08 11:07 | Report Abuse

Some worried sell on news and some wonder how come still not limit up. Let's review base on the fact. Payment structure for this deal with be staggered payment and accrued economic benefit.

Posted by derrtan > 2021-06-08 11:09 | Report Abuse

Ambank TP from 0.85 revised to 0.98
Public bank TP from 0.76 revised to 1.05

Posted by Jasonn > 2021-06-08 11:10 | Report Abuse

Staggered payment: Spa signing + Spa completion
Accrued benefit, spa start on 1st Jan and target to be completed end 2021. The money earn on this year for this deal will be benefit by hibiscus which can be used to part funs the deal

Posted by Jasonn > 2021-06-08 11:15 | Report Abuse

EBIDA in 2021 let's assume 500m, tax 100m. Balance shall be around 400m. For Conservative, just make it as 300m. 300m benefit on 2021 from this deal + previous pp 200m + internal sources from anasuria & hibiscus + loan 200-300m shall be easier enough to close the deal

Posted by Jasonn > 2021-06-08 11:16 | Report Abuse

Alternative, they can also come with 1 more tranche of pp to replace the additional loan

Posted by kakiminyak > 2021-06-08 11:16 | Report Abuse

Thanks to seller, just add more @ 0.705

Posted by Jasonn > 2021-06-08 11:17 | Report Abuse

Mgmt did mentioned there's no major capex on the coming 1 year.

Posted by Jasonn > 2021-06-08 11:18 | Report Abuse

They have some other developing project to boost the production yield in uk oil fields which target 1st oil on early 2023 and end 2023.

Posted by izoklse > 2021-06-08 11:19 | Report Abuse

Just wait for the oil price to swing after lunch. If oil maintain i think will stay as it is at current price.

Posted by Jasonn > 2021-06-08 11:23 | Report Abuse

As long as oil stay above usd 60, they can enjoy a handsome profit easily. You can compare the share price before covid when oil is around 60+, study their development plans in UK and msia, bear in mind the high capex needed, and make predict whether oil price can stay above 60, at least this few year. Then you will have the answer whether its a good deal to buy at current price

Posted by Jjkcl > 2021-06-08 11:36 | Report Abuse

The Age Of Oil Isn’t Over
By Tsvetana Paraskova - Jun 07, 2021, 11:00 AM CDT
Growing demand in Asia means that the age of oil isn’t over yet, although consumption in developed western economies has trended lower over the past decade, according to Karin Kneissl, a newly appointed director on the board of Russia’s oil giant Rosneft.

“I’ve always underlined that it’s the East that plays the decisive role, not the West. And the energy market is more dynamically developing in the East. And you shouldn’t also discount the African continent,” said Kneissl, who was Austria’s foreign minister between 2017 and 2019.

Posted by Cash999 > 2021-06-08 12:03 | Report Abuse

Oil price will maintain or increase further. Hurricane season at Atlantic/US just started.

Posted by Yu_and_Mee > 2021-06-08 13:10 | Report Abuse

spend money first, profit come later.
need time.
now not the time for me to buy.
anyone know why they sold off to hibiscs?

Posted by Lowprofilehighprofit > 2021-06-08 13:50 | Report Abuse

Manage to sell at rm0. 78.. That's all for today.. Can rest early

Posted by Godofgambler > 2021-06-08 14:29 | Report Abuse

Impressive...
Losers keep selling...
Can't you see the big picture? Lol

Posted by DickyMe > 2021-06-08 14:31 | Report Abuse

Back to 60 sen soon!

Posted by cheeseburger > 2021-06-08 14:34 | Report Abuse

The acquisition will boost Hibiscus' 2P net entitlement daily production of oil and condensate from 9,000 barrels per day to 18,500 barrels per day in 2022.

Daily gas production from 2 MMscf per day to 49 MMscf per day in 2022.

Meanwhile, 2P oil and condensate reserves will be increased by by 1.5 times from 46 MMbbl to 67 MMbbl as at Jan 1, 2021, while 2P gas reserves would jump from from 9 Bscf to 93 Bscf.

Posted by cheeseburger > 2021-06-08 14:35 | Report Abuse

a simple calculation you can see the current price is undervalue, it worth above RM1.

Posted by cheeseburger > 2021-06-08 14:36 | Report Abuse

with vaccination the world is going back to normal, the oil demand is going back to pre covid level soon.

Posted by DickyMe > 2021-06-08 14:36 | Report Abuse

There is no future in oil.

Global demand is dissipating.

Posted by Godofgambler > 2021-06-08 14:50 | Report Abuse

Oil to reach USD200 soon

Posted by wallstreetrookie > 2021-06-08 15:03 | Report Abuse

Oil set to touch 100$ by Q4 2021

Posted by Godofgambler > 2021-06-08 15:06 | Report Abuse

Hibiscus going to rebound high

Posted by izoklse > 2021-06-08 15:13 | Report Abuse

maybe Hibiscus can get Tan Sri Wan Zulkiflee Wan Ariffin to join Hibiscus board.

Posted by DickyMe > 2021-06-08 15:14 | Report Abuse

Why? To bring this stock to HOLLAND?

Posted by izoklse > 2021-06-08 15:22 | Report Abuse

Why not. He is our ex president. PETRONAS manage to stand strong under his hand when shale oil crisis happen in 2016 until 2018 under his leadership. I respect him on that.

Posted by keown83 > 2021-06-08 15:30 | Report Abuse

there're too many developing nation especially in the whole asia, south america & all africa region that still need to use oil like pre-pandemic..US & west european countries might see a reduction in oil usage but its still a long way to go for other continent to go for maximum green energy

Posted by alesi > 2021-06-08 15:34 | Report Abuse

with oil price recovery, we want dividend next quarter.

Posted by cheoky > 2021-06-08 16:23 | Report Abuse

cant get petronas uptream, dont know why u dont want buy hibics at this price.
later rm1.2 only say want own it cos funds have it for dividend.

kerajaan din din that why.

Posted by pang72 > 2021-06-08 16:49 | Report Abuse

Bargain price now!!

Posted by DickyMe > 2021-06-08 16:52 |

Post removed.Why?

Posted by pang72 > 2021-06-08 17:00 | Report Abuse

Let's stick with 1.05 TP by public bank.
It trustworthy target!!

Posted by pang72 > 2021-06-08 17:00 | Report Abuse

The greatest recovery stock is hibiscus

Posted by pang72 > 2021-06-08 17:02 | Report Abuse

Brent oil will shot up over usd100 before all your dream car on the road...

We ride on oil booming next few mons.....

Posted by pang72 > 2021-06-08 17:03 | Report Abuse

Hibiscus will not be like small players in the past.
Its toward giant oil firm with taking opportunity to grab the abondon oil asset in very cheap price..

This shall be the wsy

Posted by DickyMe > 2021-06-08 17:04 |

Post removed.Why?

Posted by izoklse > 2021-06-08 17:05 | Report Abuse

oil market waiting for Iran decision and if they agree with IAEA and European Team than Iran oil going to flood the market and possible down trend for that. But on the other hand major typhoon and storm season going to start in gulf of Mexico which going to disrupt US supply as many oil facility will be force to shut down temporary.

Posted by madguy > 2021-06-08 17:06 | Report Abuse

@DickyMe why 60c lol.... i this price i will collect more .. so regret didnt topup

Posted by Godofgambler > 2021-06-08 17:18 | Report Abuse

Trust the bank TP
We will see Hibiscus marching towards Rm2.00

Posted by pang72 > 2021-06-08 17:29 | Report Abuse

It will way higher than 1.05 by PBB

Posted by calvin5025 > 2021-06-08 17:47 | Report Abuse

sell

Posted by Godofgambler > 2021-06-08 17:48 | Report Abuse

1.50 is not hard for Hibiscus to reach

Posted by sheep > 2021-06-08 17:49 | Report Abuse

tomorrow down to 0.60......wakakaka